Tag: Enphase Energy

  • Keep an Eye on Enphase Energy

    Keep an Eye on Enphase Energy

    Enphase Energy (ENPH) is showing big signs of life today. Up about $10.60, we believe ENPH could retest $140 next from its last traded price of $114.21. Granted, recent earnings and revenue did fall short of estimates. Second quarter adjusted EPS of 43 cents on revenue of $303.5 million was below expectations for 49 cents…

  • Here’s Why First Solar Could Push Higher

    Here’s Why First Solar Could Push Higher

    Solar stocks, like First Solar (FSLR) are on fire. All thanks to a couple of upgrades. For one, Goldman Sachs recently noted the Inflation Reduction Act (IRA) is one of the “most meaningful policy developments for the US solar and energy storage sector and clears the way for at least a decade-long runway for stable…

  • Enphase Energy (ENPH) May Be a Steal on Weakness

    Enphase Energy (ENPH) May Be a Steal on Weakness

    Enphase Energy (ENPH) may be a steal of weakness. After plummeting from about $280 to $173, the stock appears to have caught strong double bottom support. Helping, the stock is also severely oversold on RSI, MACD, and Williams’ %R. The last few times the stock became this technically oversold, it bounced back nicely.  In October…